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Lecture
1- Quote
2- Editorials
3- Current Affair Q
4- Subjective Q
5-Vocabulary
6- Maps Practice
7- Capital & Currency
8-News Analysis
9-Revision
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GST afterthoughts
Revenue Secretary Hasmukh Adhia conceded in an interview- Rates will be revised.
While GST has brought 27 lakh new registered entities into formal tax coverage in its •first three
months, just over half of those in the GST net are paying taxes and •ling tax returns.
Separately, Prime Minister Narendra Modi on Sunday sought to assure traders that anyone joining the
GST net will not be harassed by taxmen seeking scrutiny of their past records.
With Mr. Adhia now saying that the GST regime will take a year to stabilise and the government
signalling a major revamp in the coming days.
Still be some distance away from seeing the •final shape of India‟s one nation, one-tax plan.
But the real question is the timing and sequencing of changes.
On November 10, the Council is expected to take up more rate revisions, process simpli•cation
and the inclusion of real estate in the GST regime
Needs to be some real introspection about why those at the top were led to believe all GST systems
were ready
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Shedding light on Saubhagya
Pradhan Mantri Sahaj Bijli Har GharYojana („Saubhagya‟) launched in September, which claims
to ensure electrification of all willing households in the country, is too ambitious a project.
While it makes grandiose promises to provide
• 1)- A free electricity connection to all willing Below Poverty Line households and
• 2)- To all others on a payment of ₹500 (which shall be recovered by the power distribution
companies/ power departments in 10 instalments along with electricity bills).
This new scheme is just a way of refurbishing(पुनर्णज्जा) the Deen Dayal Upadhyaya Gram Jyoti
Yojana (DDUGJY), the earlier scheme of rural electrification launched in July 2015, which aimed to
electrify all unelectrified villages by May 2018.
According to the definition, a village is considered to be electrified if 10% households have an
electricity connection and related basic infrastructure. (Forest & Education)
Furthermore, even in these 10% of households, there is no promise of minimum hours of supply.
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The question we then need to ask is this: given that 90% of households may not have power supply
and of those 10% with electricity not having a regular supply, can we still consider such a village
to be electrified in a meaningful way?
The objective of the Saubhagya scheme is to “provide energy access to all by last mile connectivity
and electricity connections to all remaining un-electrified households in rural as well as urban areas
to achieve universal household electrification in the country.”
But it can guarantee neither
• 1)-Regular electricity supply nor
• 2)-Continuation of those connections in case of non-payment
Huge lapses as far as electricity availability- provision of providing one-two hours‟ supply a
day is not the same as provision of regular supply.
In the past three years, we have seen a series of policies and promises – Symbolically- bid to secure
popular support is concerned.
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Continue…
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News Analysis…Page-1-
₹2.11 lakh crore for PSU banks to boost lending
“Twin-balance sheet problem”
₹5.35 lakh crore for new road project- BharatMala
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Bharat Mala project will include
1)-Economic corridors (9,000 km),
2)-Inter-corridor and feeder route (6,000 km),
3)-National corridors efficiency improvement (5,000 km),
4)-Border roads and
5)-International connectivity (2,000 km)
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Bihar‟s biggest festival kicks off
Four-day Chhath puja begins; roads, riverbanks spruced up for devotees
The four-day Chhath festival, dedicated to the sun god, began on Tuesday
•
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Page-3-
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„Queen of Thumri’ Girija Devi dead
Eminent classical singer and
PadmaVibhushan awardee
Girija Devi passed away
She was 88 and is survived by her daughter.
Hindustani classical music -Thumri
Uttar Pradesh
Benaras gharana, Girija Devi was awarded
The Padma Shri in 1972,
The Padma Bhushan in 1989 and
The PadmaVibhushan in 2016.
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Page-5-
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New U.S. policy is a game changer: Ghani
Holds talks with Prime Minister Modi and
o•cials ahead of crucial visit of U.S. Secretary of
State Rex Tillerson to Delhi
India and Afghanistan discussed regional
counter-terror efforts and enhancing
New Delhi‟s defence assistance to Kabul during
a daylong working visit by Afghan
President Ashraf Ghani here on Tuesday
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Page-10-
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RBI slaps fines on YES, IDFC banks
The Reserve Bank of India has slapped ₹6 crore penalty on private sector lender YES Bank and ₹2
crore on IDFC Bank for violation of certain norms.
The central bank said that the penalty on YES Bank was on account of its non-compliance with the
directions issued by the RBI on Income Recognition Asset Classification (IRAC) norms and delayed
reporting of the information security incident involving ATMs of the bank.
Another private sector lender, IDFC Bank, which started operations only in October 2015, was
found guilty of contravening regulatory restrictions pertaining to loans and advances, the central
bank said.
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Page-14-
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Jitu Rai & Heena Sidhu clinch the mixed air pistol gold
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Page-15-
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World‟s oldest astrolabe(यंत्र) that guided ships to India found
Navigation tool may have been used in Vasco da Gama expedition
A Britain-based shipwreck
hunter said on Tuesday that
a navigation tool he found
that guided Portuguese
explorers on a perilous voyage
to India in the 16th century
has been confirmed as the
world‟s oldest astrolabe.
David Mearns found the
bronze disc during a dive on
a shipwreck off the coast of
Oman in 2014Copyright @ Study-IQ education
Page-18-
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Last Day- Q’s- Ans…
👉 Russia is a Country in Eurasia (Europe + Asia)
Ural Mountains" bifurcate Russia into two.
👉 Intelligence Bureau(IB)
Establishment- 1887
HQ- New Delhi
It works under the "Ministry of Home Affairs."
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Last Day- Q’s- Ans…👉 31st Olympic was held in Brazil, South America in 2016.
India bagged 2 medals in that Olympic Game.
1st in Wrestling (Bronze Medal)- Shakshi Malik
2nd in Badminton (Silver Medal)- P. V. Sindhu
👉 Naxalbari Movement was an armed Peasants Revolt in 1967 in Northern Part of West Bengal.
👉 Suez Canal connects the Mediterranean Sea to the Red Sea through the Isthmus of Suez.
👉 In the Constitution of India, total 3 Emergency was mentioned.
(i) Article 352 - National Emergency
(ii) Article 356- State Emergency or President Rule
(iii) Article 360 - Financial Emergency
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Today Day- Question
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Question:-
What is goods and services tax (GST) ? Discuss
salient features and benefits of passed GST bill
Also discuss the impact of GST on economy of
India . (200 Words)